Market Snapshots

GBPNZD Wave Analysis – 03 April, 2020

GBPNZD Wave Analysis – 03 April, 2020
  • GBPNZD reversed from key resistance level 2.1000
  • Likely to fall to 2.0600

GBPNZD recently reversed down from the key resistance level 2.1000 (top of the previous impulse wave (i)) standing near the upper daily Bollinger Band.

The downward reversal from the resistance level 2.1000 stopped the previous short-term impulse waves (iii) and C.

GBPNZD is likely to fall further toward the next support level 2.0600 (former powerful resistance from October and February).

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